The EURJPY begins the correctional decline – Analysis – 28-10-2021

The EURJPY price formed correctional bearish attack, affected by stochastic negativity, to notice crawling below 132.00 support line and move to the correctional bearish track again.

These factors along with 132.00 level forming additional barrier allow us to expect resuming the negative attempts, to target 131.40 followed by reaching 23.6% Fibonacci correction level at 130.80.

The expected trading range for today is between 132.00 and 131.40

The expected trend for today: Bearish